Re-inflation Rally Part I: Falsehoods, fantasies, fabrications, and fake-outs

`` More than a year into the economic collapse, numb to financial disaster, news audiences clamor for the positive. The extended marketing and PR arm of the FIRE industry that is the national financial press is only too happy to fabricate it if no truthful evidence is handy. It comes in a flurry of fantasy reports of economic recovery without economic rehabilitation, of market bottoms without markets, and assertions that the worst is over as home foreclosures surge, industrial production collapses and retail sales, incomes, and consumption fall in the wake of the collapse of the FIRE Economy in Q4 2008.''